Fartcoin (FARTCOIN) is 709.8× the size of SMOL (SMOL) by market capitalisation. Their daily returns move loosely together (correlation 0.57 across 26 shared trading days). SMOL has been the more volatile of the two, at 273% annualised against FARTCOIN's 155%.
SMOLFARTCOIN
0.57over 26 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | SMOL | FARTCOIN |
|---|---|---|
| Max drawdown (400d) | -99.7% | -46.0% |
| Risk-adjusted return (90d) | -0.39 | -0.08 |
Relative strength over 90 days: FARTCOIN outperformed SMOL by 97.1% — measured on the SMOL/FARTCOIN ratio, so it holds regardless of market direction.